Newtec and shareholders in strategic sale to Singapore Technologies Engineering

Cresco acted as lead counsel to Newtec and its shareholders in the preparation, negotiation and closing of the strategic acquisition of Newtec by Singapore Technologies Engineering.

The proposed acquisition of Newtec will add intellectual property, products and market access to ST Engineering.

ST Engineering will continue to invest in Newtec in Belgium to position it to be the Group’s European centre for the satcom business.

David Dessers led the Cresco team that advised Newtec and its shareholders in this strategic acquisition.

More information on the transaction can be found here.

For any further information or questions, please contactDavid Dessers